US Probe Forcing Brazil to Negotiate at Gunpoint, Lula Aide Says
In an interview, Celso Amorim, Lula's top foreign policy adviser, sharply criticized the so-called Section 301 trade investigation into allegedly unfair restrictions on US exports to Brazil, Latin America's largest economy.
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Business Insider
an hour ago
- Business Insider
‘Don't Pull the Trigger Just Yet,' Says Top Investor About Nvidia Stock
Nvidia (NASDAQ:NVDA) stock has been on a wild ride over the past few months – after hitting a 52-week low during the early April Liberation Day slump, it has since bounced back ~83%. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Much of that rebound was driven by renewed investor optimism around AI demand, and the past week brought even more fuel to the fire. The Trump administration assured Nvidia that it would be allowed to export its advanced AI chips to China – a major relief, given that the company had taken a $4.5 billion revenue hit in Fiscal Q1 2026 due to those export restrictions. With this regulatory overhang lifted, some investors might assume Nvidia is back on an unstoppable path. But not everyone is convinced that now is the time to pile in. Top investor Brett Ashcroft Green urges caution, arguing that the recent rally may have already run too far, too fast. 'As enthusiastic as I am, the run has just been too far too fast, and I am downgrading NVDA,' explains Green, who ranks among the top 4% of TipRanks' stock pros. The investor doesn't question Nvidia's fundamental strength. In fact, he believes the long-term growth story remains intact, especially with a potential catalyst on the horizon: sovereign AI. These country-specific systems, tailored to local regulations, have been championed by CEO Jensen Huang for years. The recent U.S. government adoption of AI tools like Elon Musk's Grok may be just the beginning of a broader global push. If sovereign AI gains traction, demand for Nvidia's chips could scale even faster than current forecasts suggest. However, Green tempers expectations by pointing out supply constraints. Nvidia likely won't be able to manufacture chips fast enough to meet soaring global demand, which naturally limits its growth trajectory. What's more concerning to Green, as noted, is how much more expensive the stock has become from a valuation perspective. In April, Nvidia had the third-lowest Forward Price-to-Earnings (P/E) ratio among the Magnificent 7 at 21.31x. It now holds the second-highest at 39.75x. 'If you own it, hold it and enjoy the ride, if not, I'd personally wait for better prices as the market basks in giddiness,' Green concludes, rating NVDA shares a Hold (i.e., Neutral). (To watch Green's track record, click here) Wall Street, meanwhile, maintains a bullish stance. NVDA holds a Strong Buy consensus, backed by 34 Buy ratings versus just 3 Holds and a single Sell. However, the average price target of $182.06 implies only ~6% upside from current levels, suggesting that while sentiment remains positive, much of the expected growth may already be priced in. It will be interesting to see whether analysts revise their targets upward in the coming weeks. (See NVDA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Yahoo
an hour ago
- Yahoo
‘Important': Albo's China jaunt defended
A senior Labor minister has hit back at the opposition for criticising Anthony Albanese's lengthy state visit to China, saying the relationship with Australia's biggest trading partner had 'broken down' on the Coalition's watch. The Prime Minister spent much of the last week touting Australia's tourism, trade and research offerings in Shanghai, Beijing and Chengdu as part of a five-day business and diplomatic blitz. But the Opposition has argued the trip did not produce any tangible outcomes, despite several agreements being signed. Attorney-General Michelle Rowland said on Sunday she found the 'criticism quite extraordinary considering that since we came to government we have removed some $20 billion of trade impediments with China'. China imposed trade restrictions during a trade war with the Morrison-Coalition government. 'We now have in everything from wine to lobster, not to mention the fact that China is our single biggest trading partner,' Ms Rowland told Sky News. 'Our resources sector relies on that relationship.' She noted that Mr Albanese's visit was 'at the invitation … of China'. 'He went with a significant business delegation,' Ms Rowland. 'This is about creating jobs and extra trade opportunities for Australia, and it's important that we maintain this vital relationship.' The business community, represented by the Business Council of Australia (BCA), has praised the trip. The BCA was central to many of Mr Albanese's engagements in China, including high-level talks with Chinese officials and business leaders. With Mr Albanese meeting with Xi Jinping while a face-to-face with Donald Trump elusive, Ms Rowland was asked how she thought the China trip would go down in Washington. 'Our relationship with China is obviously important, as is our relationship with the United States,' she said. 'But here, there are different purposes. 'We will engage in the national interest wherever we can with China. 'We will always act in the national interest, and often we will disagree. 'But this is important from the perspective of our trade and of stabilising that relationship, which, quite frankly, had broken down under successive Liberal governments. 'And it's important that we have a government now that's acting in our national interest, in the interest of jobs and trade and certainty.' Ms Rowland, who sits on the National Security Committee, also downplayed concerns around the Trump administration's demand to hike Australian defence spending and its commitment to AUKUS – a $360bn submarine pact with the US and UK underpinning Canberra's defence strategy for the first half of the 21st century. While Mr Albanese was in China, the man leading the US review of AUKUS hinted Australia would need to guarantee support for the US if a conflict broke out in the Indo-Pacific over Taiwan. It came after the Financial Times reported Mr Colby asked Australia and Japan what they would do to defend the democratically self-governed island from China. Ms Rowland said she was 'not going to engage in hypotheticals' but that the Albanese government did 'not support a unilateral change' on Taiwan. 'What I will note, in going to a related issue about defence spending, that we recognise the US has called for this of a number of its allies,' she said. 'But again, I would point out that we are spending some $10bn over the forwards and nearly $60bn over the next decade on defence spending. 'We will act always in the national interest, and we will ensure that our capabilities are up to scratch.' She refused to comment on National Security deliberations on the US' AUKUS review, but said that 'there is nothing unusual about a new administration having a review of these relationships'. 'But again, we view AUKUS as fundamental to our relationship with the United States, and we are confident in its execution,' Ms Rowland said.
Yahoo
an hour ago
- Yahoo
63 percent disapprove of Trump administration handling of Epstein files: Poll
More than 6 in 10 voters in a new poll (63 percent) disapprove of how the Trump administration handled its investigation into convicted sex offender Jeffrey Epstein. Just 17 percent of voters surveyed in the Quinnipiac University national poll released Wednesday said they were satisfied with the Department of Justice's (DOJ) conclusions that Epstein kept no client list and died by suicide while awaiting trial on sex trafficking charges in 2019. Twenty percent had no opinion. Republicans, who have long fueled conspiracies about Epstein's associates and his death, were split — the poll found 40 percent approved of how the Trump administration carried out the probe, 36 percent disapproved and 24 percent had no opinion. Meanwhile, Democrats and independents overwhelmingly said they disapproved, at 83 percent and 71 percent, respectively. 'Epstein has been dead and gone for years but his tawdry legacy looms large in a country wanting to know more about who he knew and whether secrets have been buried with him,' Quinnipiac polling analyst Tim Malloy said in a statement. President Trump on Wednesday blasted supporters who have pushed for more information about Epstein's case after the FBI and DOJ revealed that their probe had ended with no new conclusions. 'Some stupid Republicans and foolish Republicans fall into the net, and so they try and do the Democrats' work,' Trump told reporters Wednesday. 'I call it the Epstein hoax. Takes a lot of time and effort. 'Instead of talking about the great achievements we've had … they're wasting their time with a guy who obviously had some very serious problems, who died three, four years ago,' he added. Additionally, 62 percent of voters surveyed in the new Quinnipiac poll said they had been 'somewhat' or 'closely' following news about the Epstein case. Quinnipiac surveyed 1,290 registered voters across the country July 10-14. The poll has a 2.7-point margin of error. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed. Solve the daily Crossword
